XML 17 R41.htm IDEA: XBRL DOCUMENT v3.20.1
BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 28, 2020
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
 
 
Year-to-Date
(Millions of Dollars)
 
2020
 
2019
NET SALES
 
 
 
 
Tools & Storage
 
$
2,070.8

 
$
2,292.3

Industrial
 
590.7

 
555.0

Security
 
467.9

 
486.3

Total
 
$
3,129.4

 
$
3,333.6

SEGMENT PROFIT
 
 
 
 
Tools & Storage
 
$
234.8

 
$
265.8

Industrial
 
67.8

 
71.0

Security
 
20.9

 
39.5

Segment profit
 
323.5

 
376.3

Corporate overhead
 
(48.9
)
 
(49.6
)
Other, net
 
(74.9
)
 
(65.4
)
Restructuring charges
 
(3.9
)
 
(8.7
)
Interest expense
 
(59.7
)
 
(74.4
)
Interest income
 
10.1

 
16.6

Earnings before income taxes and equity interest
 
$
146.2

 
$
194.8


Business Segments The following table provides the percent of total segment revenue recognized over time for the Industrial and Security segments for the three months ended March 28, 2020 and March 30, 2019:
 
 
Year-to-Date
 
 
2020
 
2019
Industrial
 
10.6
%
 
10.5
%
Security
 
47.0
%
 
45.4
%

The following table is a further disaggregation of the Industrial segment revenue for the three months ended March 28, 2020 and March 30, 2019:
 
 
Year-to-Date
(Millions of Dollars)
 
2020
 
2019
Engineered Fastening
 
$
424.7

 
$
434.3

Infrastructure
 
166.0

 
120.7

Industrial
 
$
590.7

 
$
555.0



Summary of Total Assets by Segment
The following table is a summary of total assets by segment as of March 28, 2020 and December 28, 2019:
(Millions of Dollars)
March 28, 2020
 
December 28, 2019
Tools & Storage
$
13,712.9

 
$
13,642.4

Industrial
5,721.2

 
4,207.0

Security
3,343.3

 
3,448.6

 
22,777.4

 
21,298.0

Corporate assets
127.6

 
(701.4
)
Consolidated
$
22,905.0

 
$
20,596.6